Thread by @gendal

Great thread from @ercwl on the key problem enterprise blockchain platforms should be trying to solve: help industries move from systems optimised at the level of firms to systems optimised at the level of markets

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1/6

This is a theme I was pushing on in my recent piece on the vision and roadmap for the Corda open network: medium.com/corda/universa… 2/6

This diagram from @ercwl is key. Good depiction of argument I tried to make in @Cordadlt whitepaper: [until enterprise blockchain] “there were few effective ways to consolidate technology across firms without also consolidating the firms themselves”

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3/6

He (rightfully) shows scepticism that this vision is actually playing out, however… eg

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and

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. However, I think he’s lost faith at precisely the wrong time :) Because the vision is actually becoming reality! Examples: 4/6

Finastra’s announcement this week is a landmark: leading vendor now has live solution that starts the journey from firm-level systems to fully networked industry-level platform. And this is just the start. finastra.com/news-events/pr… 5/6

HQLAx is another example of enterprise blockchain enabling a shared industry-level application versus firm-level apps and endless reconciliation: hqla-x.com Result: entirely new model for collateral lending (theme: the seemingly mundane enables true innovation!) 6/6